By Max A. Cherney SAN FRANCISCO (Reuters) -Google said it has developed a computer algorithm that points the way to practical applications for quantum computing and will be able to generate unique data for use with artificial intelligence. The new algorithm called Quantum Echoes, which runs on the company’s quantum chip, is 13,000 times faster…
By Arasu Kannagi Basil (Reuters) -Insurance technology firm Exzeo Group said on Thursday it was targeting a valuation of up to $2 billion in its U.S. initial public offering, becoming the latest company to proceed with its listing plans despite the ongoing government shutdown. The Tampa, Florida-based company is aiming to raise as much as…
By Maggie Fick LONDON (Reuters) -AstraZeneca broke ground on a new plant in Virginia on Thursday and said it would spend $4.5 billion on the facility as drugmakers look to respond to President Donald Trump’s call for more medicines to be made in the U.S. and at lower costs. The site in Albemarle County, about…
By Svea Herbst-Bayliss NEW YORK (Reuters) -Activist investors who push companies for operational changes and management shake-ups launched a record number of attacks on global corporations in the third quarter and won more board seats and settlements, new data from Barclays show. There were 61 new campaigns in July, August and September, marking an increase…
(Reuters) -The Inter-American Development Bank is aiming to attract private capital to Latin America by helping turn a pool of up to $500 billion of regional local loans into investable global assets, the lender said on Tuesday. ReInvest+, a partnership between the IDB Group and Brazil’s presidency of the COP30, seeks to convert performing loans…
By Valerie Volcovici (Reuters) -President Donald Trump dismissed climate change as “the greatest con job” in the world during his address to the United Nations General Assembly on Tuesday, doubling down on his skepticism of global environmental initiatives and multilateral institutions. Scientists say climate change is real, mostly caused by humans, and getting worse. They…
By Nupur Anand and Saeed Azhar NEW YORK (Reuters) -U.S. Senators Elizabeth Warren and Bernie Sanders on Monday blasted the nation’s top six lenders for easing regulations to enrich shareholders instead of boosting lending to businesses and households. Banks are making wealthy shareholders richer and increasing executive compensation at the expense of financial stability and…
By David Shepardson (Reuters) -The U.S. Transportation Department said on Tuesday it may withhold up to 25% of federal transit funding for New York state’s Metropolitan Transportation Authority if the agency does not improve safety for subway track maintenance workers. The Federal Transit Administration (FTA) issued a directive in August 2024 to the MTA’s New…
HOUSTON (Reuters) -A U.S. judge on Monday authorized a court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to receive and negotiate improved bids this week before confirming or changing the winner recommendation he made last month. A final winner recommendation in the complex court-organized auction is expected to…
HOUSTON (Reuters) -A U.S. judge on Monday authorized a court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to receive and negotiate improved bids this week before confirming or changing the winner recommendation he made last month. A final winner recommendation in the complex court-organized auction is expected to…
